Back    Zoom +    Zoom -
PBOC Adds 12 Institutions Incl. CITIC BANK as Digital RMB Operating Agencies
Recommend
5
Positive
4
Negative
4
The People's Bank of China (PBOC) announced the addition of 12 banks, including CITIC BANK (00998.HK), CEB BANK (06818.HK), HUAXIA BANK (600015.SH), MINSHENG BANK (01988.HK), PU DEV BANK (600000.SH), CZBANK (02016.HK), BANK OF NINGBO (002142.SZ), BANK OF JIANGSU (600919.SH), BANK OF BJ (601169.SH) and BANK OF SUZHOU (002966.SZ), as bank-type digital RMB business operators.

These banks have been connected to the central bank's digital RMB system. The newly added institutions will commence digital RMB operations after completing relevant business and technical preparations.

Related News JPM Reiterates Positive View on Chinese Banks, Expects Moderate Improvement in Revenue and Profit Growth
The PBOC stated that it will next expand the number of operating institutions in an orderly manner in accordance with market-oriented and law-based principles, and foster an open, inclusive and level-playing field for the development of the digital RMB.

Auto-translated by AI

AASTOCKS Financial News